Reliance Industries targets to produce green hydrogen at $1 per kilogram by the end of this decade. For this the Indian company is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country.
As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage.
The Indian government unveiled the first phase of its green hydrogen policy in February, offering a range of incentives for companies to set up projects.
To push this policy forward, India is considering offering more “sweeteners” for producers, Power and Renewable Energy.
At the time, the cost of producing the fuel was between $2.22 and $4.62 a kilogram in India.
Ambani and Adani have pledged more than $140 billion in green investments, as their fossil fuel-driven empires pivot away from oil and coal.
Green hydrogen is central to this shift, as the two tycoons champion the government’s ambition to make India a global leader for production and exports of this fuel.
Tags: Electrolysers, Green Hydrogen, India, Reliance, Renewables
Recent Posts
Vedanta Aluminium signs pact with GAIL for supply of natural gas
HMM introduces South Korea’s first LNG-powered vessels
NGEL inks pact with NREDCAP in Andhra for RE projects
Global warming won’t end if net zero is redefined
The Liberian Registry and Korean Register (KR) grant AiP to Samsung
To satisfy decarbonization targets, Big Oil invests billions in the manufacture of biofuel
ISO issues standards for methanol as a marine fuel
Amazon, partners to test electric trucks on a freight corridor in India